What is the Digital Economy?

The “virtual economy” is a time period for all of these economic Procedures, Transactions, interactions and activities which can be based totally on Digital technologies. The virtual economy isn't like the Internet financial sySTEM in that the internet economy is based totally on internet connectivity, while the virtual economy is more widely based totally on any of the many digital equipment used in today’s economic world.

What Does Digital Economy Mean?

As a time period for all of the contributions that digital technology have made to economies, the term “digital economic system” within reason extensive. It is regularly Attributed to Don Tapscott in his 1995 book entitled “The Digital Economy: Promise and Peril in the Age of Networked Intelligence.” Since then, many have used it in specific Methods to describe tech-primarily based economic pastime and phenomena.

When talking approximately the virtual financial system, many human beings are pointing to disruptions and marketplace Modifications primarily based on digital technologies. There is a Great deal of examine positioned into how technologies are fast cHanging the sector, no longer just in economies, but in societies as an entire. However, programs like MIT’s INitiative on the Digital Economy are particular factors of observe on how Digital Transformations affect markets.